395 Pine Street E, Gananoque, ON K7G 1E2
Gananoque, ON, K7G 1E2 · 05 - Gananoque
About this property
This well-maintained 6-plex presents an outstanding investment opportunity in the heart of Gananoque. Built in 1956 and situated on a large R2-zoned lot, the property offers excellent long-term value with a private parking lot at the rear for tenant convenience. Currently, five of the six units are occupied, providing immediate and stable rental income, while the sixth unit is vacant and available for July 1 occupancy, offering potential for increased cash flow through market rent. Ideally located close to schools, grocery stores, and other local amenities, the property remains highly attractive to tenants seeking convenience and accessibility. The building has demonstrated exceptional rental stability, maintaining an average vacancy rate of just 3.5% over the past five years, reflecting strong tenant demand in the area. Generating a strong Net Operating Income of more than $85,000, this property is a turnkey addition to any investment portfolio. Major capital improvements have already been completed, including new windows in 2016, a roof replacement in 2021, and a new furnace in 2024, helping to minimize future maintenance costs. With strong financial performance, proven occupancy, quality upgrades, ample parking, and a desirable location, this is a rare opportunity to acquire a solid multifamily asset in one of Eastern Ontario's most sought-after communities.
Features & Amenities
- Basement: Apartment
- Garage: None
- Cooling: None
- Heat Type: Radiant
- Heat Source: Gas
- Style: 3-Storey
- Construction: Concrete Block
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Multiplex |
| Architectural Style | 3-Storey |
| Bedrooms | 14 |
| Bathrooms | 6 |
| Basement | Apartment |
| Garage | None |
| Parking Spaces | 6 |
| Heat Type | Radiant |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $5,664 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Water Heater Owned
Exterior Features
- Other Structures
- Additional Garage(s)
- Pool Features
- None
Building & Construction
- Architectural Style
- 3-Storey
- Construction Materials
- Concrete Block
- Foundation Details
- Concrete
- Roof
- Asphalt Shingle
- Basement
- Apartment
- Approximate Age
- 51-99
Heating & Cooling
- Heat Type
- Radiant
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 6
- Parking Total
- 6.00
- Parking Features
- Available, Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 133.16
- Lot Width
- 101.33
Financial & Tax
- Tax Annual Amount
- $5,664
- Tax Year
- 2025
- Possession Type
- Immediate
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 29
- Rooms Below Grade
- 9
- Kitchens Above Grade
- 6
- Kitchens Total
- 8
- Bedrooms Above Grade
- 11
- Bedrooms Below Grade
- 3
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- South
- County Or Parish
- Leeds and Grenville
- Cross Street
- James Street S
- Directions
- From King Street E, head South on James Street S. 395 Pine Street E is at the end of James Street S, Directly in front of you.
- Special Designation
- Unknown
- Showing Requirements
- Lockbox, Showing System
Location
395 Pine Street E, Gananoque, ON K7G 1E2, Gananoque, ON, K7G 1E2